NTPC Green Energy files for Rs 10,000-crore IPO

NTPC Green Energy, subsidiary of NTPC, has filed draft red herring prospectus (DRHP) with the Securities & Exchange Board of India for a ₹10,000-crore IPO on Wednesday. The offer will entirely be a fresh issue of shares.

The company is a wholly-owned subsidiary of NTPC, and the largest renewable energy public sector enterprise (excluding hydro) in terms of operating capacity and power generation. Its renewable energy portfolio encompasses solar and wind power assets with presence in more than six states. NTPC Green Energy's operational capacity was at 3,071 MW of solar projects and 100 MW of wind projects till August 31.

The company plans to use ₹7,500 crore of the IPO proceeds to cut the debts of its subsidiary NTPC Renewable Energy (NREL), and the rest for general corporate purposes.


IDBI Capital Markets, HDFC Bank, IIFL Securities and Nuvama Wealth Management are the bankers to the issue.